Vinosangre Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11982894 (England and Wales)

Unaudited Financial Statements

for the Period 7 May 2019 to 31 May 2020

for

Vinosangre Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M D Parker

S J Currie

REGISTERED OFFICE:

45 Henley Road

Norwich

Norfolk

NR2 3NL

REGISTERED NUMBER:

11982894 (England and Wales)

ACCOUNTANTS:

Aviait Services Ltd

45 Henley Road

Norwich

Norfolk

NR2 3NL

FIXED ASSETS

Intangible assets

4

8,000

Tangible assets

5

19,062

27,062

CURRENT ASSETS

Stocks

2,500

Debtors

6

6,940

Cash at bank

33,395

42,835

CREDITORS

Amounts falling due within one year

7

50,787

NET CURRENT LIABILITIES

(7,952

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,110

PROVISIONS FOR LIABILITIES

3,622

NET ASSETS

15,488

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

15,388

15,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2021 and were signed on its behalf by:

S J Currie - Director

M D Parker - Director

1.	STATUTORY INFORMATION

Vinosangre Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,000

At 31 May 2020

10,000

AMORTISATION

Charge for period

2,000

At 31 May 2020

2,000

NET BOOK VALUE

At 31 May 2020

8,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

25,399

At 31 May 2020

25,399

DEPRECIATION

Charge for period

6,337

At 31 May 2020

6,337

NET BOOK VALUE

At 31 May 2020

19,062

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

3,586

Other debtors

3,354

6,940

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

6,879

Taxation and social security

16,445

Other creditors

27,463

50,787